Monthly Archives: December 2007

the pain now…

…the pain now is part of the happiness then…

Jack in Shadowlands

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petrol

furthermore… a liter of petrol in Hungary costs about 285, let’s see that’s… 1080 forints per gal for the American reader…

1080 forints today is $6.25 per gallon (US) whoa, pray for your friends who serve in Europe as their dollar disappear faster as time goes by…

here in c’ville regular gas is $3.05 per gallon (US) (=3.785412 liters)

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falling dollar and a loaf of bread

many friends of mine serve God in Europe…

one of my friends and I just had an email conversation about the effect of the falling dollar on their lives…

in their country (Hungary) the cost of energy has gone up 20% in the last year… the cost of food has gone up 17% in the past year…

the dollar has gone from 221 Forints in July of 06 to 172 Forints yesterday…

so

if a loaf of bread cost 200 Forints in 2006, that’s 91 cents…
then that same loaf cost 234 Forints in 2007…
at the new exchange rate its $1.36

so for these friends, his hypothetical loaf of bread went from $.91 to $1.36 in a year…

if I am calculating correctly, that is a net 49% cost increase combining their inflation and the falling dollar over the course of 16 months…

wow…

my sources – Hungary Economic data & USD – HUF

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